Plan Snapshot
- Plan Sponsor: Generation Tool, INC.
- Sponsor EIN: 383249553
- Sponsor Address: 307 MANUFACTURERS DRIVE, WESTLAND, MI, 48186
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3
- Total Assets: $624,333
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 3 | $624,333 | $57,775 | $34,001 |
| 2023 | 4 | $461,470 | $76,774 | $27,578 |
| 2022 | 3 | $339,211 | $4,335 | $26,911 |
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